lulllllllllUll Ulsts) over her costs) over her career? The following table based

Question

lulllllllllUll Ulsts) over her costs) over her career? The following table based on Levine and Rubinstein "smart and Illicit" (2016), who the median earnings and the average hours worked by salaried and self.employed workers in the US between 1982 and Salaried Self-Employed Panel A: CPS 1996-2012 Mean Earnings 46,421 58,174 Median Earnings 36,363 34,190 Panel B: NLSY79 1982-2012 Mean Earnings 43,605 55,785 Median Earnings 35,222 33,965 e. "These data are consistent with the interpretation that most of the selfemployed are optimistic." True False? Explain your answer.

Explanation / Answer

e.) Most self employed appear to be optimistic as the mean earnings are much greater than the median earnings, which mean that the distribution of earnings is negitively skewked.

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